Powered by LevrNAICS 524114: Direct health and medical insurance carriers
NAICS 524114 is the industry code for direct health and medical insurance carriers. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 524114 covers
Direct health and medical insurance carriers underwrite health and medical coverage, including HMOs and dental plans.
Included in this code
- Health insurance carriers
- HMOs
- Dental insurance carriers
- Medicare Advantage plans
Not this code
- Third party administrators: see 524292 Pharmacy benefit management and other third party administration of insurance and pension funds
- Insurance agencies: see 524210 Insurance agencies and brokerages
- Life insurance: see 524113 Direct life insurance carriers
Businesses that use 524114
Financing for this trade
Health insurers support growth with statutory capital, equity and surplus notes under state risk based capital rules. Investors and regulators review medical loss ratios, membership and reserves.
Apply for funding with AIIs 524114 the right code for a health insurance company?
Yes, if you underwrite health, medical or dental coverage and carry the risk. Administrators who process claims for self funded plans use 524292. The closest alternatives are 524292 (pharmacy benefit management and other third party administration of insurance and pension funds) and 524210 (insurance agencies and brokerages). Use whichever matches your largest revenue stream, and keep it consistent across tax filings, SBA forms and lender applications.
What is the SBA size standard for 524114?
The SBA size standard for 524114 is $47M in average annual receipts. SBA averages total gross receipts over the last five completed fiscal years and adds in any affiliates under common control. A health insurance company at or below that figure counts as small for federal small business contracts and other SBA size determinations, although lending and passive investment businesses are generally not eligible for SBA 7(a) loans.
How are health insurers capitalized?
They rely on statutory capital, equity and surplus notes, subject to state risk based capital rules. Lenders and regulators review medical loss ratios, membership and reserves. A broker who works with many lenders can line up bank, SBA and alternative offers side by side, which often matters more than chasing the lowest headline price.
What does NAICS 524114 cover?
Direct health and medical insurance carriers. Industry level code in NAICS 2022, under 52 Finance and insurance, 524 Insurance carriers and related activities, 5241 Insurance carriers, 52411 Direct life, health, and medical insurance carriers.
What financing do NAICS 524114 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for professional services businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 524114?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.